Quintessential Resources is a standout on the ASX a day when the broader Australian market wiped off 0.3%, with news of the discovery of a zone of megascopic copper and molybdenum mineralization within the Mal Prospect.

Quintessential has completed two diamond core drill holes testing the “Pipe” Chargeability Zone within the Mal Prospect to 732.9 meters.

Initial assays from the first hole and visual geological analysis of the second hole successfully concluded that the “Pipe” Zone contains a major porphyry copper-molybdenum-gold mineralized sulphide system.

The first hole was drilled to a final depth of 485.5 meters and contained 12 narrow but substantial intercepts of copper, molybdenum or gold.

Mineralization was noted predominantly in strongly silicified shale which indicated a pregnant system and proximity to a larger mineralized intrusive which was consistent with previous surface geochemistry results.

Peak assay grades returned were 0.67% copper, 362 parts per million molybdenum, 0.32 grams per tonne gold and 14g/t silver.

The second hole intersected a 255 meter wide zone of porphyries/intrusives from 385 meters downhole.

The core is consistently mineralized containing varying proportions of pyrite, chalcopyrite and molybdenite. The “Pipe” Zone chargeability anomaly is open and appears to be widening at depth.

Source - Proactive Investors

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